Plasma opens a new round of $500 million deposit cap, with the total scale expanding to $1 billion.

2025-06-12 04:27:35

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On June 12, news from the mining coin sector, the stablecoin project Plasma announced that it will reopen a deposit limit of $500 million one hour later (9 AM Beijing time), raising the total limit to $1 billion. Deposits earn returns on Aave and Maker through the Veda-audited treasury contract. After the lock-up period ends, all assets will be converted to USDT. Plasma previously received strategic investment from Peter Thiel’s Founders Fund and announced the completion of a $24 million financing round in February this year (with $20 million in Series A funding and $4 million in seed funding), led by Framework Ventures, with participation from a trading platform, venture capitalist Peter Thiel, and Tether’s CEO Paolo Ardoino.

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